City of London Investment Group (LON:CLIG) Share Price Crosses Below 200-Day Moving Average of $328.71

City of London Investment Group Plc (LON:CLIG) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 328.71 ($4.09) and traded as low as GBX 310 ($3.86). City of London Investment Group shares last traded at GBX 325 ($4.05), with a volume of 13,719 shares traded.

City of London Investment Group Stock Performance

The business has a 50 day simple moving average of GBX 327.84 and a 200 day simple moving average of GBX 328.23. The company has a quick ratio of 2.68, a current ratio of 3.89 and a debt-to-equity ratio of 3.76. The company has a market capitalization of £159.64 million, a PE ratio of 1,075.86 and a beta of 0.48.

City of London Investment Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were issued a GBX 11 ($0.14) dividend. This represents a dividend yield of 3.3%. The ex-dividend date of this dividend was Thursday, February 29th. City of London Investment Group’s dividend payout ratio is presently 11,379.31%.

City of London Investment Group Company Profile

City of London Investment Group PLC is a publically owned investment manager. The firm provides client focused equity portfolios. It invests in public equity markets across the globe. The firm invests in small cap companies in emerging markets to create its portfolios. It uses combination of macroeconomic, qualitative, and top down company analysis to make its investments.